"India initiated liberal economic reforms in 1991 to transform a slow-growing, large, inward-oriented, state-led economy into an open, market-led, export-oriented industrialising economy, seeking to emulate the East Asian success story. After nearly three decades, however, the outcomes are...

India initiated liberal economic reforms in 1991 to transform a slow-growing, state-led economy into an open, export-oriented industrialising economy. Though economic growth has accelerated, industrialisation has suffered from the manufacturing sector's share and labour intensive sectors failing...